Home Finance Graphite Miners News For The Month Of February 2022 – Seeking Alpha

Graphite Miners News For The Month Of February 2022 – Seeking Alpha

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Graphite Miners News For The Month Of February 2022 – Seeking Alpha

Marco_de_Benedictis/iStock via Getty Images
Welcome to the February edition of the graphite miners news. February saw flat graphite prices and a busy month with lots of good news.
During the past 30 days the China graphite flake-194 EXW spot price was not updated and appears to have been flat (up 3.89% the past 90 days). Note that 94%-97% is considered best suited for use in batteries. It’s then upgraded to 99.9% purity to make “spherical” graphite used in Li-ion batteries. The spherical graphite 99.95% min EXW China price was not updated (up 1.98% the past 60 days).
Fastmarkets graphite prices the week ending February 17, 2022
Fast Markets
Source: Fastmarkets
In an April 25, 2021 report from Leading Edge Materials they stated:
A recent price assessment produced by Benchmark Mineral Intelligence for the Company shows average pricing in 2020 for uncoated natural spherical graphite at around US$3,000 per tonne and for coated natural spherical graphite between US$7,000 per tonne (domestic China and non-EU) and US$12,000 per tonne (high-end applications), with an average price of around US9,500 per tonne for material used in cells for Western OEMs…..
A reminder of a 2016 Elon Musk quote:
Our cells should be called Nickel-Graphite, because primarily the cathode is nickel and the anode side is graphite with silicon oxide.
UBS’s EV metals demand forecast (from Nov. 2020)
UBS
Source: Mining.com courtesy UBS
2021 IEA forecast growth in demand for selected minerals from clean energy technologies by scenario, 2040 relative to 2020 – Increases Of Lithium 13x to 42x, Graphite 8x to 25x, Cobalt 6x to 21x, Nickel 7x to 19x, Manganese 3x to 8x, Rare Earths 3x to 7x, And Copper 2x to 3x
IEA
Source: International Energy Agency 2021 report
BMI forecasts graphite deficits to begin from 2022 as demand for graphite grows strongly
BMI
Source: Lomiko Metals company presentation courtesy Benchmark Mineral Intelligence
On February 1 S&P Global reported:
INTERVIEW: ERG’s Sobotka says metals prices on rising trend until recycling takes off in 15 years. Mainly primary metals to be used for 10-15 years. Recycling to kick in when initial EV wave completes lifespan. Aluminum price could see 30+-year high in 2022… Energy transition is a driving trend “with all the ingredients of a new supercycle,” according to Sobotka. Annual investments in decarbonization of $750 billion-$1 trillion globally are foreseen in coming decades in a bid to keep to Paris Agreement 1.5 degree Centigrade global warming targets. This will boost demand for copper, aluminum, cobalt and other battery metals for renewable energy, transport and construction in “the biggest purchase order in the history of the mining industry: the amounts are just staggering,” he said.
On February 8 Fastmarkets reported:
Graphite demand from EV battery sector forecast to rise over 35% in 2022… to approximately 594,000 tonnes in 2022 from around 437,000 tonnes in 2021. We will need to see rising production of both synthetic and natural graphite to meet the battery sector’s graphite needs this year… Challenges to increased production of synthetic graphite, however, remain centered on both power supply and cost as well as adequate graphitization capacity. We expect to see increased natural graphite production from the world’s leading producers, China and Mozambique. Existing natural graphite producers will need to increase production to cover rising demand over the next several years while new natural graphite projects remain in various stages of development and as they ramp up to viable production levels. We believe the graphite industry will successfully boost production to meet rising demand, but the market will remain tightly balanced with periods of supply shortfalls during 2022 triggering higher prices… we also expect to see shipping issues impact graphite availability, prompting supply shortfalls and higher prices well into the first half of 2022.
On February 17 Fastmarkets reported: “Graphite markets stable but tightening prior to seasonal increase in production.”
On February 22 the White House announced:
FACT SHEET: Securing a made in America supply chain for critical minerals. Biden-Harris Administration, companies announce major investments to expand domestic critical minerals supply chain, breaking dependence on China and boosting sustainable practices……These minerals—such as rare earth elements, lithium, and cobalt……are also key inputs in clean energy technologies like batteries, electric vehicles, wind turbines, and solar panels. As the world transitions to a clean energy economy, global demand for these critical minerals is set to skyrocket by 400-600 percent over the next several decades, and, for minerals such as lithium and graphite used in electric vehicle (EV) batteries, demand will increase by even more—as much as 4,000 percent…… to announce major investments in domestic production of key critical minerals and materials….President Biden will announce that the Department of Defense’s Industrial Base Analysis and Sustainment program has awarded MP Materials $35 million to separate and process heavy rare earth elements at its facility in Mountain Pass……She will also discuss $3 billion in BIL funding to invest in refining battery materials such as lithium, cobalt, nickel, and graphite, and battery recycling facilities….has established an Interagency Working Group (IWG) that will lead an Administration effort on legislative and regulatory reform of mine permitting and oversight.
Graphite producers
I have not covered the following graphite producers as they’re not typically accessible to most Western investors. They include – Aoyu Graphite Group, BTR New Energy Materials, Qingdao Black Dragon, National de Grafite, Shanshan Technology, and LuiMao Graphite.
Note: Imerys Graphite and Carbon (OTC:IMYSF) and AMG Advanced Metallurgical Group NV [NA:AMG] [GR:ADG] (OTCPK:AMVMF) are also “diversified producers”, producing graphite. SGL Carbon (ETR:SGL) is a synthetic graphite producer and Novonix [ASX:NVX] (OTCQX:NVNXF) is commercializing their synthetic graphite product.
Syrah Resources Limited [ASX:SYR][GR:3S7]( OTCPK:SYAAF)(OTC:SRHYY)
Syrah Resources Limited owns the Balama graphite mine in Mozambique. Syrah is also working to become a vertically integrated producer of natural graphite Active Anode Material (“AAM”) at their Vidalia facility, Louisiana, USA.
On January 31, Syrah Resources announced: “Quarterly activities report – period ended 31 December 2021.” Highlights include:
On February 7, Syrah Resources announced: Syrah announces Vidalia final investment decision and equity raising.” Highlights include:
On February 9, Syrah Resources announced:
Syrah announces successful completion of placement and Institutional Entitlement Offer. The Placement raised approximately A$125 million (US$89 million) and the Institutional Entitlement Offer raised approximately A$67 million (US$47 million).
You can view the latest investor presentation here.
Ceylon Graphite [TSXV:CYL] [GR:CCY] (OTC:CYLYF)
Ceylon Graphite has “vein graphite” production out of one mine in Sri Lanka with 121 square kilometers of tenements.
On February 7, Ceylon Graphite announced: “Ceylon Graphite’s silicon enhanced vein graphite anode material significantly increases specific discharging capacity in half cell lithium-ion battery tests.” Highlights include:
Mineral Commodities Ltd. (“MRC”) [ASX:MRC]
Skaland Graphite is 90% owned by MRC. Skaland is the highest grade flake graphite operation in the world and largest producing mine in Europe; with immediate European graphite production of up to 10,000 tonnes per annum with regulatory approval to increase to 16,000. MRC plans to demerge its Norwegian graphite assets into a newly incorporated Norway company branded as Ascent Graphite.
On January 31, Mineral Commodities Ltd. announced: “Quarterly activities reportDecember 2021.” Highlights include:
Tirupati Graphite [LSE:TGR]
Note: Buying Battery Metals Mozambique graphite assets.
No significant news for the month.
Graphite developers
Northern Graphite [TSXV:NGC][GR:ONG] (OTCQX:NGPHF) (potential to be a North American graphite producer very soon)
Northern Graphite has agreed to purchase from Imerys the Lac des Iles producing graphite mine in Quebec and the Okanjande graphite deposit/Okorusu processing plant in Namibia. They also own the Bissett Creek graphite project located 100km east of North Bay, Ontario, Canada and close to major roads and infrastructure. The company has completed an NI 43-101 Bankable final Feasibility Study and received its major environmental permit.
On February 10, Northern Graphite announced: “Northern Graphite completes initial closing of private placement for $19.3 million.”
On February 14, Northern Graphite announced:
Northern Graphite charts path to carbon neutral project at Bissett Creek. Northern Graphite Corporation is pleased to announce that Minviro Ltd. (“Minviro”) has completed an ISO-compliant Life Cycle Assessment (“LCA”) on the production of graphite concentrate and lithium-ion battery anode material (“BAM”) from the Company’s Bissett Creek deposit in order to guide the Company in developing a carbon neutral project. Additionally, Minviro benchmarked the potential carbon footprint of Bissett Creek against the production of Chinese natural and synthetic graphite and their upgrade into battery anode material.
You can view the latest investor presentation here and my very recent Trend Investing article here.
NextSource Materials Inc. [TSX:NEXT] [GR:1JW] (OTCQB:NSRCF)
NextSource Materials Inc. is a mine development company based in Toronto, Canada, that’s developing its 100%-owned, Feasibility-Stage Molo Graphite Project in Madagascar. The Company also has the Green Giant Vanadium Project on the same property. The Molo mine is fully-funded and scheduled to commission in March, 2022.
No news for the month.
Investors can view the latest company presentation here. You can watch the company’s Senior Vice President Brent Nykoliation video interview here.
Greenwing Resources Limited [ASX:GW1] (OTCPK:BSSMF) (formerly Bass Metals [ASX:BSM]
On January 31, Greenwing Resources Limited announced: “Quarterly activities report – December 2021 quarter.” Highlights include:
Graphmada Mining Complex and Advanced Materials
Corporate
You can view the latest company presentation here.
Walkabout Resources Ltd [ASX:WKT]
No news for the month.
Gratomic Inc. [TSXV:GRAT] [GR:CB82 ] (OTCQX:CBULF)
Gratomic’s Aukam Graphite Project is located in Namibia, Africa. The Project is in process of plant commissioning for full operational capabilities and an open pit operation in Q4 of 2021 to produce high grade vein graphite. Gratomic is also collaborating with Forge Nano to develop a second facility for graphite micronization and spheronization.
On January 26, Gratomic Inc. announced:
Gratomic announces update on Capim Grosso Graphite Project Drilling Program in Brazil. Gratomic Inc. announces the resumption of its 5,000-meter diamond drill program on the Capim Grosso graphite project located within the Bahia State of Brazil, aiming to further delineate the graphite mineralization at the site.
On February 8, Gratomic Inc. announced: “Gratomic signs Indicative Term Sheet with Technology Metals Market, TM2.”
On February 14, Gratomic Inc. announced:
Gratomic discloses Preliminary Process Flow Diagram for its Capim Grosso Project in Brazil. Armando Farhate, COO & Head of Graphite Marketing and Sales, says: “Our technical team is moving at a very quick pace to fast track the engineeting process of our Capim Grosso project, without overlooking quality and technical criterias.”
On February 15, Gratomic Inc. announced:
Gratomic announces Memorandum of Understanding with Millennium Metals…..and an undisclosed 3rd party (the “Buyer”), to supply graphite over 60 consecutive months, to begin upon commencement of commercial production at its Aukam Graphite Project in Namibia.
Nouveau Monde Graphite [TSXV:NOU] (OTCQX:NMGRF) (NYSE:NMG)
Nouveau Monde Graphite own the Matawinie graphite project, located in the municipality of Saint-Michel-des-Saints, approximately 150 km north of Montreal, Canada.
No news for the month.
You can view the latest investor presentation here.
Westwater Resources (NYSE:WWR)
Westwater Resources Inc. is developing an advanced battery graphite business in Alabama. The Coosa Graphite Plant (2023 production start) plans to source natural graphite initially from non-China suppliers and then from the USA from 2028.
On January 31, Westwater Resources Inc. announced:
Westwater Resources announces receipt of NPDES permit…..The Permit is required to commence site grading at the Coosa Graphite Processing Facility (“Coosa Graphite Plant”) located near Kellyton, Alabama.
On February 14, Westwater Resources Inc. announced: “Westwater Resources Inc. announces year-end 2021 results, business update and management succession changes.”
You can view the latest investor presentation here.
Triton Minerals [ASX:TON][GR:1TG]
Triton Minerals Ltd. engages in the acquisition, exploration and development of areas that are highly prospective for gold, graphite and other minerals. The company was founded on March 28, 2006 and is headquartered in West Perth, Australia. Triton has two large graphite projects in Mozambique, not far from Syrah Resources Balama project.
No significant news for the month.
You can view the latest investor presentation here, an excellent video here, and my article on Trend Investing here.
Magnis Energy Technologies Ltd [ASX:MNS] (OTCPK:MNSEF)
Magnis is an Australian-based company that has rapidly moved into battery technology and is planning to become one of the world’s largest manufacturers of lithium-ion battery cells. Magnis has a world class graphite deposit in Tanzania known as the Nachu Graphite Project.
On January 27, Magnis Energy Technologies announced: “LiSER Technology launched.” Highlights include:
On January 31, Magnis Energy Technologies announced: “Quarterly report.” Highlights include:
On February 11, Magnis Energy Technologies announced: “Nachu Graphite Project update.” Highlights include:
Eagle Graphite [TSXV:EGA] (OTCPK:APMFF)
The Black Crystal Project is located in the Slocan Valley area of British Columbia, Canada, 35km West of the city of Nelson, and 70km North of the border to the US. The quarry and plant areas are the project’s two main centers of activity.
No news for the month.
Mason Graphite [TSXV:LLG] [GR:M01] ( OTCQX:MGPHF)
Mason Graphite is a Canadian graphite mining and processing company focused on the development of the Lac Guéret project located in northeastern Quebec, where the graphite grade is believed by management to be among the highest in the world. Mason Graphite also owns 66.67% of Black Swan Graphene.
No news for the month.
You can view the latest investor presentation here.
Talga Group [ASX:TLG] [GR:TGX] (OTCPK:TLGRF)
Talga Group is a technology minerals company enabling stronger, lighter and more functional materials for the multi-billion dollar global coatings, battery, construction and carbon composites markets using graphene and graphite. Talga 100% owned graphite deposits are in Sweden, proprietary process test facility is in Germany.
On January 28, Talga Group announced: “Quarterly activities review for period ending 31 December2021.” Highlights include:
Commercial and project development
Corporate and finance
Note: EVA is ‘Electric Vehicle Anode’ qualification plant.
On February 2, Talga Group announced: “Further spectacular Vittangi graphite results.” Highlights include:
You can view the latest investor presentation here.
SRG Mining Inc. [TSXV:SRG] [GR:18Y] [Formerly SRG Graphite Inc.]
SRG is focused on developing the Lola graphite deposit, which is located in the Republic of Guinea, West Africa. The Lola Graphite occurrence has a prospective surface outline of 3.22 km2 of continuous graphitic gneiss, one of the largest graphitic surface areas in the world. SRG owns 100% of the Lola Graphite Project.
On January 31, SRG Mining Inc. announced:
SRG Mining announces engagement of Market-Maker. SRG Mining Inc. today announced it has, subject to regulatory approval, entered into a market-making agreement with Independent Trading Group (“ITG”) pursuant to which ITG has agreed to provide market-making services to the Company in accordance with the policies of the TSX Venture Exchange (the “TSXV”) and applicable laws.
You can view the latest investor presentation here.
Leading Edge Materials [TSXV:LEM] (OTCQB:LEMIF)
Leading Edge Materials Corp. is a Canadian company focused on becoming a sustainable supplier of a range of critical materials. Leading Edge Materials’ flagship asset is the Woxna Graphite Project and processing plant in central Sweden. The company also owns the Norra Karr REE project, and the 51% of the Bihor Sud Nickel-Cobalt exploration stage project in Romania.
On January 26, Leading Edge Materials Corp. announced: “Leading Edge Materials reports fiscal 2021 results.” Highlights include:
During fiscal 2021, the Company:
On February 11, Leading Edge Materials Corp. announced: “Leading Edge Materials to evaluate restart of graphite production at Woxna Mine due to improved market conditions.” Highlights include:
Investors can view the latest company presentation here.
Renascor Resources [ASX:RNU](OTC:RSNUF)
Renascor Resources Ltd. is an Australian exploration company, which focuses on the discovery and development of economically viable deposits containing uranium, gold, copper, and associated minerals. Its projects include graphite, copper, precious metals, and uranium.
On January 31, Renascor Resources announced: “Quarterly activities report for the period ended 31 December 2021.” Highlights include:
On February 2, Renascor Resources announced:
Australian Government conditionally approves A$185 million loan facility to fund the development of the Siviour Graphite Project.
You can view the latest investor presentation here.
EcoGraf Limited [ASX:EGR] [FSE:FMK] (ECGFF)
On January 31, EcoGraf Limited announced:
Approvals submitted for construction of EcoGraf HFfree™ BAM Facility. Major milestone to produce high purity HFfree anode material products for the Global EV Battery Market.
On February 2, EcoGraf Limited announced:
Australian Government conditionally approves US$40m expansion loan financing to support expansion of EcoGraf™ HFfree Australian Battery Anode Material Facility. EcoGraf Limited (“EcoGraf” or the “Company”) is pleased to advise that the Commonwealth of Australia has conditionally approved a loan of up to US$40 million under the A$2 billion Australian Government Critical Minerals Facility, to support the planned expansion of the Company’s Australian Battery Anode Material Facility to 20,000tpa.
On February 9, EcoGraf Limited announced: “Outstanding result for enhanced HPA anode coatings. HPA Anode has outperformed industry market material.”
You can view the latest investor presentation here.
Lomiko Metals Inc. [TSXV:LMR] (OTCQB:LMRMF)
Lomiko has two projects in Canada – La Loutre graphite Project (flagship) (100% interest) and the Bourier lithium Project (70% earn in interest).
No news for the month, but you can read my recent article on Lomiko here.
Zentek Ltd. [TSXV:ZEN] (OTCPK:ZENYF) (formerly ZEN Graphene Solutions Ltd.)
On February 18, Zentek Ltd. announced:
Zentek announces development of graphene-wrapped silicon anodes. Zentek’s CEO Greg Fenton commented: “We are very pleased to support Dr. Pope and his group at the University of Waterloo. Their innovation has the potential to improve the current lithium-ion battery by upgrading graphite to this graphene-wrapped silicon anode. Not only were the researchers able to demonstrate good performance with laboratory-scale half-cells, the performance was also validated with commercial lithium iron phosphate cathodes suggesting they could be a drop-in solution for enhancing already available battery technologies. We look forward to continuing our support of their research and development to potentially bring this technology to market. The company has begun discussions with a potential industry partner.”
Black Rock Mining [ASX:BKT]
On February 3, Black Rock Mining announced: “Black Rock Mining confirms 25% increase in Measured Mineral Resource, now the largest in class globally.” Highlights include:
South Star Battery Metals [TSXV:STS] (OTCQB:STSBF)
South Star Battery Metals owns the Santa Cruz Graphite Project in Brazil with a Phase 1 commercial production target for Q4 2022. Plus the right to earn-in to up to 75% for the Graphite Project in Coosa County, Alabama.
On February 9, South Star Battery Metals announced:
South Star Battery Metals announces approval of final exploration reports of Santa Cruz Mine by Brazilian Mining Authority and 2022 Outlook. South Star Battery Metals Corp., is pleased to announce that it has received approval from the Brazilian Mining Authority (“ANM”) on February 8th, 2022 for the final exploration reports for 7 of the 13 claims of the Santa Cruz Graphite Mine in Brazil. The other 6 areas are in final analysis by the ANM, and the Company expects they should be published shortly.
Sovereign Metals [ASX:SVM] [GR:SVM][LSE:SVML]
Sovereign Metals Ltd. is an exploration company, which engages in the explorations of graphite, copper and gold resources. It operates through the Queensland, Australia, and Malawi geographical segments. Sovereign Metals has world’s biggest graphite saprolith resource of 65m tonnes at 7.1% TGC at their Maligunde project in Malawi.
On January 31, Sovereign Metals announced: “December 2021 quarterly report.” Highlights include:
Initial Scoping Study confirms Kasiya as a globally significant natural rutile project
Mineral Resource Estimate [MRE] upgrade to support Scoping Study
Outstanding metallurgy
Commencement of trading on the AIM Market
You can view the latest investor presentation here.
Armadale Capital [AIM:ACP], BlackEarth Minerals [ASX:BEM], Black Rock Mining [ASX:BKT], DNI Metals [CSE:DNI] (OTCPK:DMNKF), Eagle Graphite [TSXV:EGA] [GR:NJGP] (OTC:APMFF), Electric Royalties [TSXV:ELEC], Focus Graphite [TSXV:FMS][GR:FKC] (OTCQB:FCSMF), Graphite One Resources Inc. [TSXV:GPH] [GR:2JC] (OTCQX:GPHOF), Green Battery Minerals Inc. [TSXV:GEM] (OTCQB:GBMIF), New Energy Metals Corp. [ASX:NXE], Volt Resources [ASX:VRC] [GR:R8L].
February saw graphite prices were flat.
Highlights for the month were:
As usual all comments are welcome.
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Disclosure: I/we have a beneficial long position in the shares of SYRAH RESOURCES [ASX:SYR], TRITON MINERALS [ASX:TON], AMG ADVANCED METALLURGICAL GROUP NV [AMS:AMG], MAGNIS ENERGY TECHNOLOGIES [ASX:MNS], ZENTEK LTD [TSXV:ZEN], LEADING EDGE MATERIALS [TSXV:LEM] either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: The information in this article is general in nature and should not be relied upon as personal financial advice.

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